UK borrowing costs jump, stocks slide as speculation mounts over high-stakes budget - CNBC
AI Summary1 min read
TL;DR
UK borrowing costs rise and stocks fall amid speculation over the upcoming budget. Chancellor Rachel Reeves is abandoning plans to increase income tax rates, influenced by improved economic forecasts.
Tags
UK budgetborrowing costsincome taxRachel Reeveseconomic forecasts
- UK borrowing costs jump, stocks slide as speculation mounts over high-stakes budget CNBC
- Rachel Reeves to abandon plans to raise income tax rates in budget | Budget 2025 The Guardian
- Starmer and Reeves drop proposal to increase income tax rates in the Budget Financial Times
- Budget 2025: Starmer and Reeves ditch plans to raise income tax Sky News
- Reeves to Drop Tax-Rise Plans Because of Better UK Forecasts Bloomberg.com